HomeMy WebLinkAbout01-2546 COMMONWEALTH OF PENNSYLVANIA
INSURANCE DEPARTMENT
Harrisburg, PA April 1~ 2001
Whereas, the CONTINENTAL INSURANCE COMPANY, located at Concord, N.H., has filed in this
Department a certified copy of its charter and a detailed statement of its Assets and Liabilities, and otherwise
complied with the requirements of Section 661 of the Act of Assembly of the Commonwealth of Pennsylvania,
entitled "An act relating to insurance; amending, revising and consolidating the Law &c.," approved the 17t~
day of May, A.D. 1921, as well as with the requirements of the laws of this Commonwealth applicable to such
company in doing business herein.
Now Therefore, I, M. Diane Koken~ Insurance Commissioner of the Commonwealth of Pennsylvania, do
hereby certify, in accordance with Section 1, of the Act of Assembly approved June 29, 1923 and known as act
No. 373 of the Laws of 1923, that the Continental Insuranee Company, of Coneord, N.H., is duly authorized
to
become and be accepted as sole surety on all bonds, undertakings and obligations required or permitted by law
or the ordinances, rules or regulations of any municipality, board, body, organization, or public officer.
In Wimess Whereof, I have hereunto set my hand and
affixed my official seal, the day and year first above written.
Insurance Commissioner
CNA INSURANCE COMPANIES
THE CONTINENTAL INSURANCE COMPANY
STATEMENT OF ASSETS AND LIABILITIES
December 31, :2000
ASSETS:
Cash S 28,393,629
Short-term investments (principalfy U.S. Government Obligations) 108,047,360
United States Government obligations 202,903,850
Other public bonds '104,;'72,973
Industrial and miscellaneous bonds 92,766,903
Preferred stocks 0
Common stocks of affiliated companies 438,804,807
Other common stocks 34,373,029
Real Estate 116,26S,622
Premiums and agents' balances in course of collection 64,576.870
Premiums, agents balances and installments booked but
deferred and not yet due 19,389,627
Accrued retrospective premiums 13,988,544
Accrued interest dividends and rents 6,733,801
Other Assets 602,288,709
Admitted Assets S 1,833,305,724
LIABILITIES:
Unearned premium reserve $ 106,566,884
Reserve for loss and loss adjustment expense 650,268,612
Reserve for taxes, licenses and fees (including federal income taxes) 2,585,140
Other Liabilities 238,364.64.1
Total Liabilities S 997,785,277
SURPLUS:
Capital paid up (55.00 par value)
Shares authorized: 10,713,272 issued: 10,713,272 $ 754,865,228
Surplus 80,655,219
Surplus as Regards Policyholders 835,520,447
Total $ 1,833,305,724
Failure of items to add to totals shown is due to rounding.
State of Illinois )
)ss
County, of Cook)
On this '16th day of April, 2001, before me came Lawrence J. Boysen and Jerry F. Sliwa, known
to me personally to be the Group Vice President and the Assistant Vice President, respectively, of The
Continental Insurance Company being fully sworn certify and attest that the foregoing statemement is true
and correct statement of the assets and liabilities of the said company as of the date shown in the statement.
Jerry, F. Sliwa, ,~tant Vice President
I I:F..$LEY NATIyI_D...A?~J